Cargotec Acquires Danish Company Assets

Thursday, August 20, 2009

Cargotec has agreed to acquire assets of a Danish sales and service company Arne Holst & Co. A/S. The company is situated in Kvistgaard, North of Copenhagen in Denmark. Both parties have agreed not to disclose the financial terms.

The acquisition includes the takeover of business assets and customer contacts, including four employees. The Managing Director of Arne Holst & Co. will continue as a consultant for a transition period.

The assets of Arne Holst & Co. A/S. will be integrated to Cargotec’s subsidiary Kalmar Danmark A/S.

(www.cargotec.com)

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